UltraTech Cement Limited — Others, 26-05-2025: Shareholders meeting

UltraTech Cement has announced a postal ballot seeking shareholder approval for material related party transactions worth Rs. 6,347 Cr with its subsidiary, The India Cements Limited, for FY 2025-26. These include sales and purchases, corporate guarantees, inter-corporate deposits, and personnel sharing, all at arm’s length in the ordinary course of business. This aims to strengthen operational synergies between the companies. An independent review confirmed that pricing is fair. Shareholder approval is needed due to the significant transaction size relative to group turnover.